§ 5.1-171. Remedies
Any holder of bonds issued under the provisions of this act or of any of the coupons appertaining thereto, and the trustee under any trust agreement, except to the extent the rights herein given may be restricted by such trust agreement, may either at law or in equity, by suit, action, injunction, mandamus or other […]
§ 5.1-172. Exemption from taxation
The exercise of the powers granted by this act shall be in all respects for the benefit of the inhabitants of the Commonwealth of Virginia, for the increase of their commerce, and for the promotion of their safety, health, welfare, convenience and prosperity, and as the operation and maintenance of the airports by the Authority […]
§ 5.1-173. Jurisdiction of courts; liability for contracts and torts
A. The courts of the Commonwealth of Virginia shall have original jurisdiction of all actions brought by or against the Authority, which courts shall in all cases apply the law of the Commonwealth of Virginia. B. The Authority shall be liable for its contracts and for its torts and those of its members, officers, employees, […]
§ 5.1-174. Procurement Act exemption
In light of the multijurisdictional nature of the Authority, an exemption is hereby provided to the Authority from the provisions of the Virginia Public Procurement Act. 2001, c. 342.
§ 5.1-175. Act liberally construed
This act, being necessary for the welfare of the Commonwealth of Virginia and its inhabitants, shall be liberally construed to effect the purposes thereof. 2001, c. 342.
§ 5.1-176. Repealed
Repealed by Acts 2015, c. 709, cl. 2.
§ 5.1-177. Inconsistent laws inapplicable
All other general or special laws inconsistent with any provision of this act are hereby declared to be inapplicable to the provisions of this act. 2001, c. 342.
§ 5.1-178. Repealed
Repealed by Acts 2021, Sp. Sess. I, c. 377, cl. 1, effective July 1, 2021.
§ 5.1-164. Marketability of bonds
The Authority is authorized and empowered to exercise all or any part or combination of the powers herein granted; to make covenants other than and in addition to the covenants herein expressly authorized, of like or different character; and to make such covenants and to do any and all such acts and things as may […]
§ 5.1-165. Bonds as legal investments and security for public deposits
Bonds issued by the Authority under the provisions of this act are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their […]